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Calculaion of vat
Plz calculate VAT payable if,
Profit margin ks 15% on cost nd vat on sales @ 12.5%
Intra state pur. of R/M rs. 250000(excluding vat @ 4%)
Purchs of R/M frn unregisterd dealr rs. 80000(including vat @ 12.5%)
Forign markek pur. rs. 185000(excluding custom duty @ 10%)
Pur frm othr state(excluding cst @ 2%) for rs. 50000
Transportatin chrgs 145000
Interest paid to bank 70000 rs.
Replies (1)
Intrest is ignor becus that is not aa part of cost
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